2 Bed Flat, Cash/Bridging Only, Leeds, LS6 4DN, £225,000

PARK DENE Burton Crescent, Leeds, West Yorkshire, LS6 4DN - 2 views - 9 months ago

Sold STC
Cash
~79 m²
+13 photos

ValuationOvervalued

Sold Prices£125K - £355K
Sold Prices/m²£1.9K/m² - £3.7K/m²

 

 

Square Metres

~79 m²
Price/m²£2.8K/m²

Value Estimate

£215,548

 

 

End Value (After Refurb)

£281,358

Uplift in Value

+25%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£56,250

Stamp Duty & Legal Fees

£7,950

Refurb Costs

£31,260

Bridging Loan Interest

£5,906

Total Cash In

£103,116

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£281,358

Mortgage (After Refinance)

£211,019

Mortgage LTV

75%

Cash Released

£42,269

Cash Left In

£60,848

Equity

£70,340

Rent Range

£750 - £2,250

Rent Estimate

£1,137

Running Costs/mo

£1,127

Cashflow/mo

£10

Cashflow/yr

£124

ROI

0%

Gross Yield

6%

Local Sold Prices

50 sold prices from £125K to £355K, average is £182.3K. £1.9K/m² to £3.7K/m², average is £2.6K/m².

PriceDateDistanceAddressBeds 
£221.1K07/230.01 miFlat 1, Shaw Dene, Burton Crescent, Leeds, West Yorkshire LS6 4DN2
£305K09/230.07 miParkhurst, 60, Otley Road, Leeds, West Yorkshire LS6 4DL2
£182K11/200.12 miFlat 2, Delmont, Shaw Lane, Leeds, West Yorkshire LS6 4DU2
£200K06/210.13 mi56, Becketts Park Drive, Leeds, West Yorkshire LS6 3PB2
£147.5K07/240.13 mi5, Grovewood, Leeds, West Yorkshire LS6 4AD2
£165K09/220.16 mi3, Stonelea Court, Headingley, Leeds, West Yorkshire LS6 2BQ2
£145K06/210.16 mi3, Stonelea Court, Headingley, Leeds, West Yorkshire LS6 2BQ2
£150K08/230.16 mi4, Stonelea Court, Headingley, Leeds, West Yorkshire LS6 2BQ2
£191K09/230.18 mi3, St Chads Drive, Leeds, West Yorkshire LS6 3PZ2
£131K07/210.23 mi7, Grove Court, Leeds, West Yorkshire LS6 4AE2
£184K11/200.26 mi8 Hollin Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5LZ2
£145K07/230.26 miFlat 45, Orchard Court, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£131.5K01/240.26 miOrchard Court, Flat 25, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£140K04/230.26 miFlat 5, Orchard Court, St Chads Road, Leeds, West Yorkshire LS16 5QS2
£198.5K03/230.28 mi18 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£183K05/210.28 mi2 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£190K07/230.28 mi13 Linden Court, Hollin Lane, Weetwood, Leeds, West Yorkshire LS16 5NB2
£170K08/230.33 mi7, Ashfield Park, Leeds, West Yorkshire LS6 2QT2
£171K06/210.33 mi22, Ashfield Park, Leeds, West Yorkshire LS6 2QT2
£255K12/220.37 miFlat 10, Linfield, Grove Road, Headingley, Leeds, West Yorkshire LS6 2AB2
£200K01/210.37 miFlat 12, Linfield, Grove Road, Headingley, Leeds, West Yorkshire LS6 2AB2
£275K11/220.38 miFlat 7, Linfield, Grove Road, Headingley, Leeds, West Yorkshire LS6 2AB2
£180K09/230.39 mi9, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ2
£157K04/210.39 mi11, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ2
£150K01/210.39 mi7, Woodland Park Road, Leeds, West Yorkshire LS6 2AZ2
£132K08/210.39 mi3, Highbury Lane, Leeds, West Yorkshire LS6 4HF2
£355K05/210.41 mi10, Rokeby Gardens, Leeds, West Yorkshire LS6 3JZ2
£150K06/210.43 mi6 Moorbank Court, Shire Oak Road, Leeds, West Yorkshire LS6 2DD2
£157K10/230.43 mi12a Moorbank Court, Shire Oak Road, Leeds, West Yorkshire LS6 2DD2
£159.5K11/210.44 mi43, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£175K11/210.44 mi66, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£175K06/230.44 mi32, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£195K09/230.44 mi7, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£182.5K02/240.44 mi14, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£160K09/220.49 mi41, Stone Mill Court, Leeds, West Yorkshire LS6 4RQ2
£240K11/220.53 mi56, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£222.5K11/220.53 mi43, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£125K11/200.55 miFlat 33, Grange Court, North Grange Mount, Leeds, West Yorkshire LS6 2BZ2
£187K10/200.59 mi14, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£211K02/240.59 mi31, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£207.5K08/230.59 mi52, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£182.5K02/210.59 mi72, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£220K06/210.59 mi31, Carisbrooke Road, Leeds, West Yorkshire LS16 5RU2
£210K11/230.6 mi93, Carisbrooke Road, Leeds, West Yorkshire LS16 5RX2
£200K05/230.61 miApartment 2, The Lodge, Harrowby Road, Leeds, West Yorkshire LS16 5HN2
£150K09/230.63 mi21, The Poplars, Leeds, West Yorkshire LS6 2BT2
£145K08/210.65 mi4, Broomfield Crescent, Leeds, West Yorkshire LS6 3DD2
£167.3K06/210.66 mi17, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB2
£185K07/240.66 mi15, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB2
£192K06/240.66 mi2, Cherry Court, Headingley, Leeds, West Yorkshire LS6 2WB2

Local Rents

50 rents from £750/mo to £2.3K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,37512/240 mi9 Burton Crescent, Headingley, Leeds, LS62
£1,35005/240.01 miBack Burton Crescent, Headingley, Leeds2
£1,30005/240.01 miBurton Crescent, Headingley, Leeds2
£1,27505/240.07 miBurton Crescent, Headingley, Leeds, LS62
£95305/240.08 miOtley Road, Leeds, West Yorkshire2
£1,30009/230.09 mi7 Shaw Lane, Leeds, West Yorkshire, LS62
£1,21303/250.1 mi-2
£99512/240.1 mi3 Stone Villas, Leeds, LS62
£1,40011/240.1 mi-2
£1,00005/240.11 mi145 Otley Road, Leeds, LS6 3PX2
£1,25005/240.11 miOtley Road, Leeds, LS62
£1,25005/240.11 mi-2
£1,25005/240.11 mi-2
£1,25004/250.11 mi-2
£1,19502/240.12 mi-2
£1,20004/250.12 mi-2
£1,15004/250.12 mi-2
£1,65004/250.13 mi-2
£1,10005/240.14 miPrinces Grove, LEEDS2
£1,40405/240.14 mi-2
£1,17506/240.14 mi-2
£1,17505/240.14 miShaw Lane, Leeds, LS62
£95006/240.15 mi-2
£95005/240.15 miShaw Lane, Leeds, LS62
£1,55002/250.15 mi-2
£1,45001/250.15 mi-2
£1,55003/250.15 mi-2
£1,55003/250.15 mi-2
£1,17503/250.17 mi-2
£2,25004/250.18 mi-2
£1,37506/240.19 mi-2
£1,37505/240.19 miCastle Grove Avenue, Leeds, LS62
£79505/240.23 miGrove Court, Grove Lane, Leeds2
£1,10002/250.24 mi-2
£1,10006/240.25 miHollin Lane, Weetwood, Leeds, LS162
£1,15005/240.26 mi14 Hollin Lane, Far Headingley, Leeds, LS162
£92505/240.26 miClaremont Road, Headingley, Leeds, LS62
£1,49504/250.27 mi-2
£1,12705/240.28 miChapel Street, Leeds2
£75003/250.28 mi-2
£1,20006/240.28 miChapel Street, Headingley, LEEDS2
£97505/240.31 miDrummond Road, Far Headingley, Leeds, LS162
£95005/240.31 miTrelawn Street, Headingley2
£82505/240.31 miTrelawn Street, LS62
£1,17305/240.31 mi-2
£1,17305/240.31 mi-2
£90002/240.35 mi-2
£1,25012/240.35 mi, Grove Road, Headingley, Leeds2
£1,10005/240.36 miHeddon Street, Meanwood, Leeds, LS62
£1,09505/240.36 miLinfield, Grove Road, Headingley, Leeds, LS62

Local Area Statistics

Population in LS6

47,491

Population in Leeds

635,166

Town centre distance

1.95 miles away

Nearest school

0.30 miles away

Nearest train station

0.79 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-7%

Sales demand

Seller's market

Capital growth (5yrs)

+51%

Property History

Listed for £225,000

July 13, 2024

Sold for £146,000

2012

Sold for £85,000

1999

Floor Plans

Description

  • Two bedroom +
  • First floor freehold apartment +
  • Spacious lounge / dining +
  • Useful box room, balcony +
  • Wet room style shower room +
  • Well maintained gardens +
  • Single garage and parking +
  • No onward chain +

Set within beautifully maintained gardens, on the very attractive Burton Crescent, is this much loved, two bedroom first floor apartment.

With PVCu double glazing and electric storage heating, the accommodation comprises: A private entrance with staircase to the first floor and two storage cupboards. The spacious hallway with very useful box room leads to: A generous duel aspect, lounge / dining room with French doors to the large balcony and views over the communal gardens. A well-proportioned fitted kitchen with integrated double oven and hob. The spacious main bedroom has a range of fitted wardrobes and lovely views over the gardens. A second double bedroom has a built in cupboard. The wet room style shower room has a fitted vanity sink unit and w.c.. There is loft access from the box room and the loft offers excellent potential for further conversion (subject to necessary permissions). Outside the property sits in beautifully maintained grounds. With part of the rear garden belonging to the apartment There is an abundance of flowers, cherry blossom and magnolia trees. A driveway to the side of the development leads to a garage in a block to the rear.

The property is situated in this popular location, to the North West of Leeds, approximately 3 miles from the city centre and ideally placed for commuting. There are regular public transport links into the commercial heart of Leeds city or alternatively to Otley market town. The Universities and hospitals can be easily accessed. Headingley was once a village and it still has a village atmosphere holding on to many of its traditional advantages - local shops, cinema, restaurants, bars, public library, good schools, an active community, good services for the elderly and lots of green spaces including Becketts Park and Hyde Park. Headingley is of course home to the famous cricket ground and the rugby ground for the Leeds Rhinos and Tykes.

Offered with no onward chain and vacant possession.

Tenure: The apartment is freehold so would ideally suit a cash buyer.

There is £50pcm payable for a gardener who cuts the grass.

Agent Details

Manning Stainton, Headingley

0113 519 1538

Next Steps?

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